Date: Tue Jun 1, 2004 8:19 am
Subject: WEEKEND FEARS CONFIRMED
Market Commentary: A SALUTE TO ALL FELLOW VETERANS ! The market, DJ-30, down -16 points Friday.
.
DJ-30 closed at 10,188. SP-500 -.60 at 1120 COMPQX +2 points at 1986 QQQ up +13 at 36.55
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: consolidation for bounce up.
*****************
Current Outlook: Friday's market saw all the indexes mixed on a shortened trading day. Profit taking seemed prudent, and looking at the terrorist attacks in Arabia it may have been the short term thing to do. Tuesday's market is a down opening with oil prices jumping back up and the markets reacting. I would expect to see the markets to remain down on light volume. DJ-30 resistance at 10,246 , support 10,174, and 10,061.
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24. They are now in another M.A.P intermediate sell mode since the high bounce of April 4. Targets would be would be the 50 sma for pullbacks this week.
Sector/Industry Spotlight: MG835, Semiconductor -Equipment, running into the 50 sma Friday.
Bullish Sectors Semi-Conductor Equipment +2.1% Percent of Sectors Bullish +57 % Bearish -43% Bearish Sectors Silver –2.4%
US DOLLAR The Dollar failed the 50 sma and is now targeting the April lows, with bounce resistance at the 50 sma. GOLD: …..target $400.00….
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up. SONC HMT, broke above the 50 . FNSR UTSI SINA, 200 Sma target. AZO
BULL KICKERS ISSX NANO, CIEN MYK OCA AVA
BULL ENGULFING PPCO BIOM HGSI
** prior signal
SNAP BACKS: DIGE AFL BKS FLAC
DOWN MOVERS VIP ARBA
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM
Seminars at Sea: Nov. to be announced.
Date: Wed Jun 2, 2004 9:17 am
Subject: STRONG CLOSING 30 MIN RALLY
Market Commentary: The market, DJ-30, closed up +14 points Tuesday.
DJ-30 closed at 10,202 SP-500 +.52 at 1121 COMPQX +4 points at 1990 QQQ down -.05 at 36.50
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: consolidation for bounce up.
*****************
Current Outlook: Tuesday's market saw all the indexes drop for most of the day to daily and intra-day support levels. COMPQX went to the 50 sma and bounced at the close as did the rest of the markets. Wednesday's market is a up opening with the Dj-30 going for the 50 sma at 10,246. DJ-30 first resistance at 10,246, and 10,344, support 10,165,
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. They are now in another M.A.P having bounced off the 50 sma (SP-
500),
Sector/Industry Spotlight: MG136, Silver, setting up for a snap back up.
Bullish Sectors Internet Info Providers +5.7% Percent of Sectors Bullish +52 % Bearish -48% Bearish Sectors Long Distance carriers –3.2%
US DOLLAR The Dollar failed the 50 sma and is now ready for a small bounce. GOLD: Hit the 50 sma yesterday !…..target $400.00….
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up.
** TGEN, still on list , target the 200 sma BLDP, MOBO and 50 sma breakout GLBL, MOBO and testing the 50 sma. CYH, MOBO and 50 sma breakout. EGHT, MOBO, six days ago, testing the 50 sma.
** FCEL, still on MOBO move, positive test of the 50 sma.
BULL KICKERS
**NANO, yesterday , continues up CYTR, target 50 sma. NUVO, yesterday's snap back turns into a bull kicker today. ! FDRY SNG ILMN SIRI
BULL ENGULFING ICOS, RGEN JLG MENT
** prior signal
SNAP BACKS: KLAC, needs to hold the 50 sma XYBR ABX MRVC AXA AAI MEL LUV XRX PKI
DOWN MOVERS DRXR IPAS SPG
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM
Seminars at Sea: Nov. to be announced.
Date: Thu Jun 3, 2004 9:11 am
Subject: BULLISH STOCKS EXPAND IN NUMBERS
Market Commentary: The market, DJ-30, closed up +60 points Wednesday.
DJ-30 closed at 10,262 SP-500 +3.79 at 1125 COMPQX -1.79 points at 1988 QQQ down -.08 at 36.42
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: consolidation for bounce up.
*****************
Current Outlook: Wednesday's market saw most of the indexes follow thru from Tuesday's late day rally. COMPQX went to the 50 sma and bounced at the close as did the rest of the markets. Thursday's market is a DOWN opening with the Dj-30 going for the 50 sma at 10,246. We show the markets are in a SNAP BACK up mode once we work thru the early down move. DJ-30 first support at 10,2440, and 10,217, 10,165, and 10,123 resistance 10,340,
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. They are now in another M.A.P having bounced off the 50 sma (SP-
500),
Sector/Industry Spotlight: MG771, Major Airlines, We highlighted LUV and AAI, We should see DAL test and possibly take out the 50 sma ..
Bullish Sectors Major Airlines +4.8% Percent of Sectors Bullish +67 % Bearish -33% Bearish Sectors Semiconductor-Equipment –2.8%
US DOLLAR The Dollar failed the 50 sma and is now ready for a small bounce. GOLD: Hit the 50 pulled back, snap back target $400.00 +….
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up. AWA GNTA CVTX DOV UNP
BULL KICKERS SVNT, posted intra-day yesterday. XYBR, target 200 sma JBLU CD ALK HSY FO
BULL ENGULFING VITX PFGC
** prior signal
SNAP BACKS: CSCO IBM, target the 50 sma HANS MESA CHA AVB UIS FLSH
** MEL ADPT PRU SSCC
LESS THAN $1 TMAR
DOWN MOVERS ABTL RAE TLK
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM Cincinnati Class coming in August.
Seminars at Sea: Nov. to be announced.
Date: Fri Jun 4, 2004 9:05 am
Subject: BULLISH BOUNCE FOR THE Q's
Market Commentary: The market, DJ-30, closed -67 points Thursday.
.
DJ-30 closed at 10,195 SP-500 -8.35 at 1116 COMPQX -28.72 points at 1960 QQQ down -..44 at 35.98
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: consolidation for bounce up.
*****************
Current Outlook: Thursday's market saw the down open with the snap Back to the highs of Wednesday, then a double top sell that took the mkts to their lows. QQQ went to the 50 sma and should bounce here to the upside, baring any disaster news on Friday. Friday's market is a up opening with the Dj-30 going for the 50 sma at 10,246 again. DJ-30 first resistance 10,253, and a high of 10,335,
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. They are now in another M.A.P , it should move up off the 50 sma (SP-
500).
Sector/Industry Spotlight: MG771, Major Airlines, We highlighted LUV and AAI, We should see DAL test and possibly take out the 50 sma ..
Bullish Sectors Apparel stores +.8% Percent of Sectors Bullish +4 % Bearish -96% Bearish Sectors Movie Production –6.0%
US DOLLAR The Dollar failed the 50 sma and is now ready for a small bounce back to the 50 sma. GOLD: Hit the 50 sma and is now in a pulled back.
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up. UTLE ERTS WLP, if pops the 50 sma. PYX
BULL KICKERS ICTS GENE LPSN ADM
BULL ENGULFING AVY DYAX LWAY LJPC
** prior signal
SNAP BACKS: MRVL TGAL SYNA RBK CWTR QLTY BBA CFC RPM JUPM DITC
LESS THAN $1
**TMAR +57% yesterday.
DOWN MOVERS
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM Cincinnati Class coming in July.
Seminars at Sea: Nov. to be announced.
Date: Sun Jun 6, 2004 11:34 pm
Subject: "SNAP BACK UP' SIGNALS NEW MONTHLY HIGHS
Market Commentary: The market, DJ-30, closed +47 points Friday.
.
DJ-30 closed at 10,241 SP-500 +5.86 at 1122.50 COMPQX +18.36 points at 1978 QQQ +21 at 36.19
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: consolidation for bounce up, should attack monthly highs.
*****************
Current Outlook: Friday's market saw the strong open with a minor sell-off in front of the weekend. The Current up move is still intact.. Monday should see Friday's highs taken out. QQQ held on to the 50 sma , snap back to new monthly highs …highly probable.
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. They are now in another M.A.P , it should move up off the 50 sma's (SP-500, QQQ, and Dj-30 should close over Monday).
Sector/Industry Spotlight: MG771, Major Airlines, We highlighted LUV and AAI, We should see DAL test and possibly take out the 50 sma ..
Bullish Sectors Resorts Casinos +.8% Percent of Sectors Bullish +88 % Bearish -12% Bearish Sectors Home Furnishings–6.0%
US DOLLAR The Dollar failed the 50 sma and failed to bounce back to the 50 sma. Currently a Snap back down. GOLD: Snap Back up to the $396 area.
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up. MEM VRTX CAMD CA ATRX PXLW CRL TIWI MRVL REGN
BULL KICKERS NGAS TTP MUSE WFII DSS ONCY AETH VIGN AETH
BULL ENGULFING SVVS REGN
** prior signal
SNAP BACKS: A HDTV TGEN SAPE PCTI TALK OPWV ANDW IPXL
MOBO BREAKOUTS. CLST GERN ONCY DSCM AETH
LESS THAN $1
DOWN MOVERS SLXP|
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM Cincinnati Class coming in July.
Seminars at Sea: Nov. to be announced.
Date: Tue Jun 8, 2004 12:10 am
Subject: SNAP BACK the definition
" SNAP BACKS" ©
The First Wave Definition of a SNAP BACK © is a common pattern condition found in price movements that are in a trend.
With the understanding that all price movements in all trends behave in wave patterns we have set out to identify the beginning, and end of those waves until the price trend reverses, or ends.
I have called these moves, that breakout to new highs by taking out the top of wave one "The SNAP BACK". By definition the bull SNAP BACK has to test the most recent high and take it out.
In an up trend prices at some point pull back, or do what is often is referred to as a dip/ retracement. The investors question is when will the dip end, and what technical characteristics make it different from a trend reversal. At some point all stocks go into trend reversals for weeks, months or years. Losses occur when we go long into a supposed dip hoping for a rally that in reality is a trend reversal, or a dip price retracement to large to keep us from being stopped out.
The bull SNAP BACK is designed to identify the end of the first pullback wave 2, (first dip/price retracement) and the start of a wave three up. And then later additional impulse waves to the upside are identified. Since Elliott Wave count is confusing after wave three, we start our counts over for each snap back and thus only count to three. (KISS)
I have called these moves that breakout to new highs, by taking out the top of wave one The "SNAP BACK" up. By definition the bull SNAP BACK has to test the most recent high and take it out. Prices literally come snapping back up in the direction of the bull trend.
The bear SNAP BACK is designed to identify the end of the first retracement wave 2 up, (first rally that fails) and the start of a wave three down. And then later additional impulse waves to the downside.
I have called these moves that breakdown to new lows by taking out the bottom of wave one The "SNAP BACK" down. By definition the bear SNAP BACK has to test the most recent low and take it out. Prices literally come snapping back down in the direction of the bear trend.
Once a bull SNAP BACK has made a new high it has fulfilled its roll in identifying a wave 3 up. Once a bear SNAP BACK has made a new low it has fulfilled its roll in identifying a wave 3 down.
The "Trend" is identified by longer term stochastics, and our MACD settings. Deviations from trend, `dips'/ retracements are conditions that set us up for the SNAP BACK to the trend again and are found with shorter term RSI, Stochastics, and other technical indicators.
SNAPBACKS are fractal and work on all time periods.
In our current Advanced Equity Trading Classes, we spend several hours teaching the evolution and development of these technical conditions identified as SNAP BACKS.
We have also created a CD explaining the SNAP BACK step by step.
Date: Tue Jun 8, 2004 9:03 am
Subject: NEW MONTHLY HIGHS PRESENT
Market Commentary: The market, DJ-30, closed +148 points Monday.
DJ-30 closed at 10,391 SP-500 +17.92 at 1140.42 COMPQX +42.36 points at 2020 QQQ +86 at 37.05
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: consolidation for bounce up, DID attack monthly highs.
*****************
Current Outlook: Monday's market saw the strong open with a major new "monthly high". All indexes participated in the move Monday. Tuesday should see typical backing and filling in some stocks before again taking out yesterday's HIGHS. QQQ held on to the 50 sma, and fulfilled the "snap back to new monthly highs".
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. They are now in another M.A.P , it should move up off the 50 sma's (SP-500, QQQ, and Dj-30 did close over Monday). Momentum is to upside once again.
Sector/Industry Spotlight:
Bullish Sectors Catalog & Mail Order +5.5% Percent of Sectors Bullish +99 % Bearish -1% Bearish Sectors Air Services –.70%
US DOLLAR The Dollar should see a slightly positive day. GOLD: Snap Back up to the $396 area still intact.
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up. PRGO CMX KR, if it can bust the 50 sma. WWW DHB
BULL KICKERS CSCO SYNC BLTI
**DIGL MXT MAXM CDSS SBAC FDRY CNXT
BULL ENGULFING EXAR AFFX NBR
** prior signal
SNAP BACKS: VISG EXAS BELM RADN BEAV KANA SCON TFSM
MOBO BREAKOUTS.
733 MOBO BREAKOUTS SCUR PGTV AMLN CMTL SYNC UFI BLTI IMCL EFJI WJCI TMWD
LESS THAN $1
DOWN MOVERS AEZS WEBX ARIA MEDX
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM Cincinnati Class coming in July.
Seminars at Sea: Nov. to be announced.
Date: Wed Jun 9, 2004 7:27 am
Subject: MARKET REST TIME.
Market Commentary: The market, DJ-30, closed +41 points Tuesday.
.
DJ-30 closed at 10,432 SP-500 +1.76 at 1142.18 COMPQX +2.91 points at 2023.53 QQQ +05 at 37.10
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term up, new monthly highs.
*****************
Current Outlook: Tuesday's market saw the weaker open with a strong close and a new "monthly high". Wednesday should see typical backing and filling in some Indexes with a likely down close. We are at some extreme ends of our LR-30-30 bands with sell flats for the major Indexes. This would suggest some selling going into a three day weekend that would start today.
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. They are now in another M.A.P , it should move up off the 50 sma's (SP-500, QQQ, and Dj-30 did close over Monday). Momentum is to upside once again.
Sector/Industry Spotlight: MG513, DRUGS-GENERIC, down MG726, CATV SYSTEMS, down MG733, AIR SERVICES, up MG762, RENTAL LEASING SERVICES, up MG517, DIAGNOSTIC SUBSTANCES, up
Bullish Sectors Healthcare Information Services +2.5% Percent of Sectors Bullish +48 % Bearish -52% Bearish Sectors Gaming Activities –6.0%
US DOLLAR The Dollar should see a slightly positive move for next few days. GOLD: Failed the 50 sma twice suggesting a down move .
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up.
** DHB yesterday's list, big gainer should open up 45-50% VWKS DELL NXTL, ready to pop the 50 and 200 sma GNVC, a move over the 50 and 200 very positive. HC, ready to MOBO HAIN, MOBO ADIC, MOBO
BULL KICKERS HGSI OMM ITIG NENG HLTH ASTM CVG, over the 50 ,
BULL ENGULFING CHRD, starting wave 3, over the 1000, MOBO TASR, Tuesday intra-day call up ESMC, SOAP, coming off the 200 sma .
** prior signal
SNAP BACKS:
** CDCY VTIV day two. HEPH SSPX WGAT AIZ FONR AMED EYET RECN GTOP PSYS SSPX
MOBO BREAKOUTS. SYY GYMB VTIV LTD ECLP HGSI KOOL CBRL EDMC
LESS THAN $1 MCZ
DOWN MOVERS NABI LNCR, if it breaks the 50 sma. BIV DIGE RTIX
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM Cincinnati Class coming in July, 17-18
Seminars at Sea: Nov. to be announced.
Date: Thu Jun 10, 2004 8:46 am
Subject: Thursday = Friday, Three Day Weekend
Market Commentary: The market, DJ-30, closed -64 points Wednesday.
.
DJ-30 closed at 10,368 SP-500 -10.85 at 1131.33 COMPQX -32.92 points at 1990.61 QQQ -52 at -36.58
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term up, new monthly highs.
*****************
Current Outlook: Wednesday's market saw the weaker open with a strong sell-off into the close as predicted by our studies. Thursday should see the opening MIXED with SOME buy flats on the short-term intra-day indicators. However , Employment numbers and a three-day weekend with the markets closed for President Reagan's funeral Friday that could reduce volume and investors risk to weekend events and put pressure on the down side.
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. They are now in another M.A.P , it should move up off the 50 sma's (SP-500, QQQ, and Dj-30 did close over Monday). Momentum is to upside once again, with occasional pullbacks.
Sector/Industry Spotlight: MG513, DRUGS-GENERIC, down testing lows.
Bullish Sectors Security and Protection Services +3.7% Percent of Sectors Bullish +6 % Bearish -94% Bearish Sectors Jewelry Stores –11%
US DOLLAR The Dollar saw one of the biggest up days in recent months +1.44 back to the 50 day average in one day! Resistance is here at the 50 sma and the 200 just 30 ticks higher. GOLD: Failed the 50 sma twice suggesting a down move, that dropped -$6.50. Support is $380.00
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up.
** DHB yesterday's list, big gainer should open up 45-50% ADSX DIGL continues on our up list. ADM VZ SBC LCAV NTOP TRA EAR AVN MTXX
BULL KICKERS HCC BDY AVR, needs to close over the 50. LRTX, needs to close over the 50.
BULL ENGULFING OMNI PSUN OPTV LNCR
** prior signal
SNAP BACKS:
**FONR QVDXE NDN HBY TSN CLST OMCL SVNT
MOBO BREAKOUTS. IMAX SFP
**GILTF LCAV AZR
**ITIG
**NTOP OSUR HDTV
**CHRD TTEC
LESS THAN $1 GLGS
DOWN MOVERS TLM KLIC PFS PRX
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM Cincinnati Class coming in July, 17-18
Seminars at Sea: Nov. to be announced.
Date: Thu Jun 10, 2004 4:15 pm
Subject: Live Voice Chat from Tuesday nite.
Your need MSFT Media player 9.0 (free at the MSFT site). Enjoy.
part 1 http://tcnet.tcnet.info/firstwave060804a.htm part 2 http://tcnet.tcnet.info/firstwave060804b.htm
Date: Mon Jun 14, 2004 9:21 am
Subject: Big Federal Gov. New Week = Volitility.
Market Commentary: The market, DJ-30, closed +41 points Thursday.
.
DJ-30 closed at 10,410 SP-500 +5.14 at 1136.14 COMPQX 9.26 points at 1999.87 QQQ + 26 at +36.84
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term up, new monthly highs.
*****************
Current Outlook: Thursday's market saw the weaker open with a strong late rally into the close, as noted by our comments about the intra-day studies showing buy flats. Russell 2000 and MER both bounced off the 50 sma . Monday shows an opening dip, but buy flats from Thursday's late day move.
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. M.A.P. patterns are showing Momentum is to upside once again, with occasional pullbacks.
Sector/Industry Spotlight: SECTORS WITH SANPBACKS MG837, DIVERSIFIED ELECTRONICS. MG763, PERSONAL SERVICES. MG756, COMPUTERS WHOLESALE MG626, SMALL TOOLS & ACCESSORIES MG6449, PROPERTY MGMT. MG443 REIT HEALTHCARE. MG412, REGIONAL-NORTHEAST BANKS MG344, MEAT PRODUCTS MG310 CONSUMER DURABLES
US DOLLAR The Dollar went back to the 50 sma and failed, we should see more attempts to go thru. GOLD: Failed the 50 sma twice suggesting a down move, that dropped -$6.50. Support is $380.00
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up. WIND FIBR UFI SBC MDT, need s opo over the 50 AMED WLP XLB ISSX ERICY
BULL KICKERS WAVX MTLM BLDP EGOV SCMR STX DYN
BULL ENGULFING GLOW HLES WIN GMST
** prior signal
SNAP BACKS: NDN XYBR SIGM EMC CSGS CVTX MON, needs to pop the 50
MOBO BREAKOUTS. WZEN ECIL HBIO MACE RRC MDR LTBG AIV ITRI SRV
LESS THAN $1 RCO
DOWN MOVERS ICOS JOSB ACTL WEDC
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM We will be handing out the new "SNAP BACK" cd to attendees.
Cincinnati Class coming in July, 17-18
Seminars at Sea: Nov. to be announced.
Date: Tue Jun 15, 2004 9:06 am
Subject: TUESDAY'S REVERSAL
Market Commentary: The market, DJ-30, closed - 75 points Monday.
DJ-30 closed at 10,334 SP-500 -11.18 at 1125.29 COMPQX -29.88 points at 1969.99 QQQ -52 at 36.32
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term up, new monthly highs.
*****************
Current Outlook: Monday's market saw a weaker open with a big mid day drop and a late mkt bounce to moderate the sell-off. Russell 1000. 3000 bounced off the 50 sma and MER broke it after it bounced off the 50 sma Thursday. QQQ bounced off our low late day target , 200 sma , 30 min chart, and should continue up today with a target 36.69 Dj-30 first resistance 10,380,
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. M.A.P. patterns are showing Momentum is to upside once again, with occasional pullbacks.
Sector/Industry Spotlight: SECTORS WITH SNAP BACKS MG769 MG751 MG111
US DOLLAR The Dollar went back to the 50 sma and failed, we should see more attempts to go thru. It did go thru Monday, and should follow thru today, up. GOLD: Failed the 50 sma twice suggesting a down move, First Support is $380.00
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up. WIND, still a MOBO up. DAR CORI BVEW VRTX** BSTE ISON BFT ALAN DDDC NTOP** RJR EENC
BULL KICKERS SNG ITIG** ROXI EAG, posted yesterday morning, AM NGAS
BULL ENGULFING CRXA VXGNE OSIP DUSA GENZ
** prior signal
SNAP BACKS: EYE** WSH AES MDT HLT HPC PLL AXP
MOBO BREAKOUTS. CYBX RAE LEXG ICPT CPTS AXYX VRTX BG
LESS THAN $1 LFP
DOWN MOVERS SSRI WTZ HL
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM We will be handing out the new "SNAP BACK" cd to attendees.
Cincinnati Class coming in July, 17-18
Seminars at Sea: Nov. to be announced.
Date: Wed Jun 16, 2004 9:00 am
Subject: Option Expiration Week = Volitility, Trend Move Next Week.
Market Commentary: The market, DJ-30, closed +45 points Tuesday.
.
DJ-30 closed at 10,380 SP-500 6.72 at 1132.01 COMPQX +25.61 points at 1995.69 QQQ +47 at 36.79
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term up, new monthly highs.
*****************
Current Outlook: Tuesday's market saw a very strong open with a late day drop and a late mkt bounce to moderate hold a positive day. Russell 1000. 3000 held above the 50 sma , 2000 just below it. And MER continued its 50 sma break.QQQ put in a move that almost qualified as a bull kicker, not quite. Dj-20 put in a bull engulfing. Wednesday's market looks positive for the open, with a follow thru of the last hour rally. Markets must take out the double top high to be able to continue this up trend. DJ-30 first resistance 10,427,
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. M.A.P. patterns are showing Momentum is to upside once again, with occasional pullbacks. DJ-30 HAS PUT IN A DOUBLE TOP AND RETRACED TO BOUNCE OFF THE 50 SMA.
Sector/Industry Spotlight: SECTORS WITH SNAP BACKS MG125, MOBO and 50 sma breakout.
US DOLLAR The Dollar went back to the 50 sma and failed, we should see more attempts to go thru.
GOLD: Failed the 50 sma twice suggesting a down move, First Support is $380.00
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up. WIND**, still a MOBO up, and a 50 sma breakout yesterday GEG STEC GGNS SONCE PQUE MPS
**ITIG
BULL KICKERS PTEN JDSU LRCX MRVL
**NXTL, last week MOBO MLNM AMZN KLAC, needs to hold the 50 sma .
BULL ENGULFING CNLG EPIC DCGN ALGN KERX ISIS IVIL DRRX, bounced off the 500
** prior signal
SNAP BACKS: VIRL BGC FCH SBUX CLE FDO ADIC
MOBO BREAKOUTS. NOVL SWIR**** QTWW GTW GGNS AFFX PQUE TSG KFY
LESS THAN $1 LFP
DOWN MOVERS XMSR NUTR KRB
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM We will be handing out the new "SNAP BACK" cd to attendees.
Cincinnati Class coming in July, 17-18
Friday meetings day before class, in the Seminar Bar at 6:30PM, all welcome , friends and family!
Seminars at Sea: Nov. to be announced.
Date: Wed Jun 16, 2004 1:28 pm
Subject: Live Voice Chat from Tuesday nite.
Live voice chat , June 15. Needs MSFT 9.0 Media to view. http://tcnet.tcnet.info/firstwave061504.htm
Date: Thu Jun 17, 2004 9:09 am
Subject: Negative Bias Day.
Market Commentary: The market, DJ-30, closed -.85 cents Wednesday.
2 0f 4 indexes closed up. DJ-30 closed at 10,379 SP-500 +1.55 at 1133.56 COMPQX +2.63 points at 1998.23 QQQ -.06 at 36.73
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Medium term, up Short Term up, pullback.
*****************
Current Outlook: Wednesday's market saw a flat market all day. Thursday's market looks like a negative close with option expiration Friday. DJ-30 first resistance 10,427,
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. M.A.P. patterns are showing Momentum is to upside once again, with occasional pullbacks. DJ-30 HAS PUT IN A DOUBLE TOP AND RETRACED TO BOUNCE OFF THE 50 SMA.
Sector/Industry Spotlight: SECTORS WITH SNAP BACKS MG768,
US DOLLAR The Dollar went back to the 50 sma and failed, we should see more attempts to go thru.
GOLD: Failed the 50 sma twice suggesting a down move, First Support is $380.00
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up. WIND**, still a MOBO up, SLM AVLR ODSY VTS CPN KYPH GGB SEPR SPN
BULL KICKERS VASC, early Wednesday morning Bull Kicker call, closed +8% AXYX ALOY HGSI**
BULL ENGULFING PDLI AMLN TOM WC IDIX
** prior signal
SNAP BACKS: KOOL FDP SNRR ALAN SFP
MOBO BREAKOUTS. CRIS FDX ORBZ GILTF ALVR ODSY VTS GMST AMRI
LESS THAN $1
DOWN MOVERS FFIV HLR IMOS ARRS
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM We will be handing out the new "SNAP BACK" cd to attendees of Seattle class ………… Cincinnati Class coming in July, 17-18 ………… Friday meetings day before class, in the Seminar Bar at 6:30PM, all welcome, friends and family!
Seminars at Sea: Nov. to be announced.
Date: Thu Jun 17, 2004 10:42 pm
Subject: TRIPLE WITCHING FRIDAY.
Market Commentary: The market, DJ-30, closed –2.0 points Thursday.
All Indexes closed down as the signals indicated Wednesday.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Medium term, up Short Term, pullback.
*****************
Current Outlook: Thursday's market saw a down market all day. Friday's market is option expiration Friday. No predictions for the close. Some weak buy flats showing , first DJ resistance 10,427,
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. M.A.P. patterns are showing Momentum is to upside once again, with occasional pullbacks. DJ-30 HAS PUT IN A DOUBLE TOP AND is stalling around the highs.
Sector/Industry Spotlight: SECTORS WITH SNAP BACKS MG717 MG113,
US DOLLAR The Dollar went back to the 50 sma and failed, we should see more attempts to go thru.
GOLD: Failed the 50 sma twice suggesting a down move, First Support is $380.00 Tr4acking down the 50 sma. Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up. WIND**, still a MOBO up, COLM NOVN VRA THO FLE MBT NT VIP ACO RCL
BULL KICKERS FLE ACO LJPC CHB
BULL ENGULFING MNG CIMA CCU
*** prior signal
SNAP BACKS: KOOL*** PCLE SNRR HDTV RPM DYAX XRX
MOBO BREAKOUTS. LPSN THO FLE AGEN MTB ITMN NT MMSI VIP RCL SYNA CAN LZB ENMC VVI JOE BE CIMA
LESS THAN $1
DOWN MOVERS SONE XLNX PMCS FLEX CKFR
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM We will be handing out the new "SNAP BACK" cd to attendees of Seattle class ………… Cincinnati Class coming in July, 17-18 ………… Friday meetings day before class, in the Seminar Bar at 6:30PM, all welcome, friends and family!
Seminars at Sea: Nov. to be announced.
Date: Sun Jun 20, 2004 11:01 am
Subject: SUMMER RALLY TIME
Market Commentary: The market, DJ-30, closed +38.39 points Friday over 10,400 All Indexes closed up as some of the FLAT signals indicated Friday.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Medium term, up Short Term, pullback about complete.
*****************
Current Outlook: Friday's market saw a down market rebound sharply in the closing hour.
Monday, any gaps to the upside will give the signal for a test of recent highs and a breakout. First DJ resistance 10,427,
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. M.A.P. patterns are showing Momentum is to upside once again, with occasional pullbacks. DJ-30 HAS PUT IN A DOUBLE TOP AND is stalling around the highs. The breakout attempt should start very soon.
Sector/Industry Spotlight: SECTORS WITH SNAP BACKS MG845 MG824
US DOLLAR The Dollar went back to the 50 sma and failed, AGAIN. Lower lows looming in the future.
GOLD: Moved up to the 200 sma. Signals now indicate a snap back down.
Bullish Indicator Stocks Stocks that have popped over the 50 sma , in most cases, will retest…. Many positive moving stocks will come back to test the lower MOBO bands, and then continue up. CHTR CALM SAPE SONCE, double bounce off the 50 sma IT NEXM SLR SWC IBD, low volume, but nice SNUS WIND, ****
BULL KICKERS GIVN CMCO OMG IVGN CMGI MSTR
BULL ENGULFING UTSI TYC CMOS HLYW
*** prior signal
SNAP BACKS: COMS IPIX DSS AVCT TASI ATRX VRTS CSCO PG HLT EL
MOBO BREAKOUTS. WDC FUEL VOXX ZOLL X WXH WERN TTEK VRTX TSCO
LESS THAN $1
DOWN MOVERS VSAT WIRE PAS VRTY
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes
………… Cincinnati Class coming in July, 17-18 ………… E-MINI CLASS COMING LATE SUMMER. MAX 20 STUDENTS.
Seminars at Sea: Nov. to be announced.
Date: Thu Jun 24, 2004 2:16 am
Subject: Wave Three Summer Rally Now Acknowledged
Market Commentary: The market, DJ-30, closed +84.50 points Wednesday over 10,479 All Indexes closed up as some of the FLAT signals indicated Tuesday. Last Sunday's "Summer Rally" Call still good.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Medium term, up Short Term, pullback complete.
*****************
Current Outlook: Bull summer market rally underway.
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. M.A.P. patterns are showing Momentum is to upside once again, with occasional pullbacks. DJ-30 HAS taken out prior highs.
I am on vacation until Monday. No stock picks this week. Still long WIND.
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club.
M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes
………… Cincinnati Class coming in July, 17-18 ………… E-MINI CLASS COMING LATE SUMMER. MAX 20 STUDENTS. Taking emails of interest.
Seminars at Sea: Nov. to be announced.
Date: Tue Jun 29, 2004 9:18 am
Subject: Conflicting Market Indexes
Market Commentary: The market, DJ-30, closed –14.75 points Monday.
All Indexes closed down as the Sell Flat signals indicated Friday.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Medium term, up Short Term up,
*****************
Current Outlook: monday's market saw a big up opening, followed by sharp sell-offs into the close. Hourly "Snap Backs" suggested the market would drop to new intra-day lows after 12:00PM EST. Tuesday's market suggests a mixed market with the DJ-30 and SP-500 showing buy gflats and the other indexes showing continued selling pressure. The Fed Reserve has meetings today and tomorrow and will raise rates. Markets should be quiet until the announcement. First DJ close support is 10,350 and 10,254, resistance 10,510
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. M.A.P. patterns are showing Momentum is to upside once again, with occasional pullbacks. DJ-30 has put in a three down day move.
Sector/Industry Spotlight: MG771, SECTOR breaking above the 50 sma .
US DOLLAR The Dollar went back to the 50 sma and failed for more than a week, we should see more attempts to go thru.
GOLD: broke thru the 50 sma and 200 sma last week. Should retrace back to the 200 sma.
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM We will be handing out the new "SNAP BACK" cd to attendees of Seattle class ………… Cincinnati Class coming in July, 17-18 ………… Friday meetings day before class, in the Seminar Bar at 6:30PM, all welcome, friends and family!
Seminars at Sea: Nov. to be announced.
Date: Wed Jun 30, 2004 9:23 am
Subject: FIRST RATE INCREASE SINCE THE START OF THE MARKET CRASH.
Market Commentary: The market, DJ-30, closed +56 points Tuesday.
All Indexes closed up as the buy Flat signals indicated Monday.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Medium term, up Short Term up,
*****************
Current Outlook: Tuesday's market saw a soft opening that quickly rallied to hold the first two hours highs all day.. Hourly "Snap Backs" yesterday suggested the market would pop to new intra-day highs., as well as daily buy flats suggesting the up move would hold. Wednesday's market suggests a hourly that is wanting to snap back down. Daily the DJ-30 is inside MOBO suggesting sideways movement ( positive bias) consistent with a Fed announcement on the interest rate raise today. First DJ close support is 10,350 and 10,254, (failing the MOBO and the 20sma at 10254 would signal a market correction on a close basis). … resistance 10,510
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. M.A.P. patterns are showing Momentum is to upside once again, with occasional pullbacks.
Sector/Industry Spotlight: MG636, , SECTOR back to the 50 sma .
US DOLLAR The Dollar went back to the 50 sma and failed for more than a week, we should see more attempts to go thru as it rallied yesterday.
GOLD: Broke thru the 50 sma and 200 sma last week. Should retrace back to the 200 sma. (it did yesterday) and retest the 50 sma now.
Stock highlight list. TGEN MANU BEAV CHRT CMNT, needs to pop the 50 sma EXAR FLEX MOSY
UNDER $2.00 MWAV.
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes Seattle, June, 19-20 INFO AT WWW.WALLSTREETTEACHERS.COM We will be handing out the new "SNAP BACK" cd to attendees of Seattle class ………… Cincinnati Class coming in July, 17-18 ………… Friday meetings day before class, in the Seminar Bar at 6:30PM, all welcome, friends and family!
Seminars at Sea: Nov. to be announced.
